World Bank

World Bank Group Increases Support for Climate Action in Developing Countries

The FINANCIAL --  The World Bank Group today announced its new Climate Change Action Plan that aims to deliver record…

1 year ago

Many Developing Countries Struggle with the Pandemic’s Lasting Effects

The FINANCIAL -- The global economy is expected to expand 5.6% in 2021, the fastest post-recession pace in 80 years,…

1 year ago

Spreading the Gains from Trade More Widely

The FINANCIAL -- Global trade has contributed to growth and poverty reduction in the past three decades, but gains from…

2 years ago

COVID-19: Schools for more than 168 million children globally have been completely closed for almost a full year, says UNICEF

The FINANCIAL -- Schools for more than 168 million children globally have been completely closed for almost an entire year…

2 years ago

Climate Change – Challenges for Ukraine

The FINANCIAL -- We are living in a world that is very different from the one we grew up in.…

2 years ago

Lao PDR: New Project to Protect Landscapes and Enhance Livelihoods

The FINANCIAL -- The World Bank’s Board of Executive Directors approved a US$57 million project to help Lao PDR promote…

2 years ago

Germany contributes €10 Million to WB Trust Fund for Disease Preparedness in Developing Countries

The FINANCIAL — According to World Bank, Germany is contributing 10 million euros (about US$12.1 million) to the Health Emergency…

2 years ago

Global Economy to Expand by 4% in 2021; Vaccine Deployment and Investment Key to Sustaining the Recovery

The FINANCIAL -- The global economy is expected to expand 4% in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread…

2 years ago

World Bank Signs USD 400 Million Project to Protect India’s Poor and Vulnerable from the Impact of COVID-19

The FINANCIAL -- The Government of India and the World Bank signed a USD 400 million project to support India’s…

2 years ago

Georgia Launches This Year’s Best Annual Report and Transparency Award with European Union and World Bank Support

The FINANCIAL -- The European Union and World Bank joint project - Georgia Financial Inclusion and Accountability – in partnership…

2 years ago

10 of the world’s largest multilateral development banks increase commitment to road safety

The FINANCIAL -- In a virtual meeting, the European Investment Bank (EIB) and nine other multilateral development banks (MDBs) signed…

2 years ago

IFC lends support to UniCredit Leasing to enhance SME and Climate financing in Romania

The FINANCIAL -- IFC, a member of the World Bank Group, is lending its support to UniCredit Leasing Corporation (UCLC),…

2 years ago

IFC and TCX strengthen partnership to support capital flows into world’s poorest countries

The FINANCIAL -- IFC, a member of the World Bank Group, and The Currency Exchange Fund (TCX) have bolstered their…

2 years ago

World Bank prices long-dated Australian Dollar Bonds Totaling AUD 1.65 bln

The FINANCIAL -- The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) priced a long-dated 5-year AUD 1.1…

2 years ago

IFC and AIA Sri Lanka partner to increase Sri Lankan women’s access to insurance, create more jobs

The FINANCIAL -- Sri Lankan women, including female entrepreneurs, are expected to have increased access to insurance and more of…

2 years ago